Neil Irwin takes an optimist's view toward recent data that show a slowing rate of increase for the price of housing in many parts of the country: "the new data offer hints that a disastrous era for housing may be ending."
Neil Irwin analyzes recent data from the S.&P./Case-Shiller home price index, which "showed prices rose 8.1 percent in 20 major cities in the 12 months ended in June, the lowest rate of increase since 2012."
While some might see some reason for concern in the news that the housing market might be slowing, Irwin makes the point that maybe the new data is a sign that national forces will no longer have such a powerful and irrational influence on the housing market: "Home prices can’t rise faster than incomes forever. So if the trend of the last few months continues, and the rate of price increases continues to come down to earth, it will be a sign that maybe, just maybe, we’ve put this long, horrible boom-bust cycle behind us."
FULL STORY: Why a Slowdown in Housing Prices Is Great News

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

San Diego Adopts First Mobility Master Plan
The plan provides a comprehensive framework for making San Diego’s transportation network more multimodal, accessible, and sustainable.

Walmart Announces Nationwide EV Charging Network
The company plans to install electric car chargers at most of its stores by 2030.

Seattle Builds Subway-Sized Tunnel — for Stormwater
The $700 million ‘stormwater subway’ is designed to handle overflows during storms, which contain toxic runoff from roadways and vehicles.

Feds Clear Homeless Encampment in Oregon Forest
The action displaced over 100 people living on national forest land near Bend, Oregon.

Is This Urbanism?
Chuck Wolfe ponders a recommended subscription list of Substack urbanists and wonders — as have others — about the utility of the "urbanist" moniker.
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